The International Monetary Fund (IMF) deal boosted the Pakistan Stock Exchange (PSX) benchmark 100 index to over 45,000 points after 15 months. In 9 days, the index has increased by 3 thousand 700 points and the market capitalization has increased by 681 billion rupees.
The PSX benchmark 100 index closed at 45 thousand 155 points today with an increase of 570 points. This is the highest closing range of the index since April 28, 2022.
555.1 million shares worth 15.48 billion rupees were traded in the stock market today.
The market capitalization today stands at Rs 6,845 billion with an increase of Rs 88 billion. In 9 days, the market capitalization has increased by 681 billion rupees.
According to Tahir Abbas, head of research at Arif Habib Securities, the 100 index has risen about 9 percent since the IMF staff level agreement.
He said that the 9-month standby agreement has also removed the concerns of the caretaker government and the new government will have two to three months to understand the situation.
According to Tahir Abbas, this is the most important reason for the increase in purchases in the market.
setTimeout(function(){
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window,document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘836181349842357’);
fbq(‘track’, ‘PageView’);
}, 6000);
/*setTimeout(function(){
(function (d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s);
js.id = id;
js.src = “//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.11&appId=580305968816694”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));
}, 4000);*/